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Matador Resources Company (NYSE: MTDR) is a well-established, Dallas-based independent energy company specializing in the exploration, development, production, and acquisition of oil and natural gas resources across the United States. The company's primary focus lies in shale plays and other unconventional resources, with significant operations in the oil and liquids-rich areas of the Eagle Ford Shale in South Texas, and the Wolfcamp and Bone Spring plays in the Permian Basin of Southeast New Mexico and West Texas. Additionally, Matador is active in the Haynesville Shale and Cotton Valley plays in Northwest Louisiana and East Texas.
Matador Resources also holds a substantial exploratory leasehold in Southwest Wyoming and adjacent areas of Utah and Idaho, where it is currently testing the Meade Peak Shale. The company prides itself on its exceptional team of dedicated technical and administrative professionals, and a robust corporate culture emphasizing strong performance and financial discipline.
With a strategic approach to midstream opportunities that support and enhance its core exploration and development activities, Matador Resources continues to achieve significant milestones. Recent projects include the expansion of their drilling programs and the successful acquisition of new properties to augment their already impressive asset portfolio.
Financially, Matador maintains a disciplined approach, consistently working to optimize its balance sheet and deliver value to its shareholders. The company's concerted efforts in operational efficiency and cost management have positioned it as a resilient player in the energy sector.
Matador Resources Company (NYSE: MTDR) announced the release date for its second quarter 2024 operational and financial results. The results will be published after the market closes on Tuesday, July 23, 2024.
In addition, the company will host a live conference call on Wednesday, July 24, 2024, at 10:00 a.m. Central Time to discuss these results and highlight operational aspects. Participants can register through a provided link to obtain dial-in details and are advised to connect 15 minutes prior to the start time.
The conference call will also be accessible via Matador’s website, and a replay will be available for one year on the Events and Presentations page under Investor Relations.
Matador Resources Company (NYSE: MTDR) has announced an agreement to acquire a subsidiary of Ameredev II Parent, , including oil and gas properties in New Mexico and Texas, for $1.905 billion. The acquisition also includes a 19% stake in Piñon Midstream, The deal is expected to close in late Q3 2024 with an effective date of June 1, 2024. On completion, Matador expects to hold over 190,000 net acres in the Delaware Basin, production of over 180,000 BOE per day, and reserves totaling over 580 million BOE. The transaction aims to generate an Adjusted EBITDA of $425-475 million in the forward year, maintaining a leverage ratio below 1.0x by mid-2025. The acquisition adds 33,500 net acres, 431 gross drilling locations, and significant reserves to Matador's portfolio.
Matador Resources Company (NYSE: MTDR) has announced the details for its 2024 Annual Meeting of Shareholders, scheduled for June 13, 2024, at 9:30 a.m. Central Time at the Hilton Anatole hotel in Dallas, Texas. The meeting will include a continental breakfast for shareholders to interact with directors, management, and employees, with a live webcast available for remote access.
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